Skip to content
Options Income Masters
93% of My Members Collect An Extra Paycheck Every Week!
Options Income Masters
  • Main
  • OIB Training
  • Weekly Update
  • Trading
    • Menu icon-Income Masters-
    • Menu icon-Options Income Blueprint-
    • Menu icon-Income Madness Week-
  • Coaching
    • Menu iconSix Figure Portfolio Coaching Main Page
  • Training
    • Weekly Paycheck Training Program
    • Income Accelerator Coaching Main Page
    • Selling Weekly Options Workshop
    • Win 98% of Your Trades
  • About Us
  • Login
close
  • Home
  • Dashboard
  • Login

OIB Trade Alert: GM, MU, PFE, SONO

I am recommending we roll our General Motors (GM), Micron Technology (MU) and Pfizer (PFE) puts. The income we generate will reduce our net debits on these recovery positions as we work our way toward breakeven.

I am also recommending we roll our Sonos (SONO) call out another week. However, with earnings scheduled to be reported on Nov. 17, we will be closing this position no later than Nov. 12.

GM Nov Week One (11/5) 54 Put

Current Stock Price: $57.50

Net Debit: $1.60

Action:

  • Buy to close the GM Nov Week One (11/5) 54 Put for around $0.03
  • Sell to open the GM Nov Week Two (11/12) 56 Put for around $0.57
  • Set your initial credit limit at $0.54, but adjust as needed to roll today

New Net Debit: $1.06

MU Nov Week One (11/5) 71 Put

Current Stock Price: $71.30

Net Debit: $4.45

Action:

  • Buy to close the MU Nov Week One (11/5) 71 Put for around $0.41
  • Sell to open the MU Nov Week Two (11/12) 71 Put for around $1.12
  • Set your initial credit limit at $0.71, but adjust as needed to roll today

New Net Debit: $3.74

PFE Nov Week One (11/5) 44.50 Put

Current Stock Price: $43.61

Net Debit: $3.25

Action:

  • Buy to close the PFE Nov Week One (11/5) 44.50 Put for around $0.92
  • Sell to open the PFE Nov Monthly (11/19) 45 Put for around $1.69
  • Set your initial credit limit at $0.77, but adjust as needed to roll today

New Net Debit: $2.48

SONO Nov Week One (11/5) 35 Call

Current Stock Price: $34.61

Cost Basis: $35.63 (Note that the cost basis was incorrectly listed as $36.63 in the previous alert.)

Action:

  • Buy to close the SONO Nov Week One (11/5) 35 Call for around $0.24
  • Sell to open the SONO Nov Week Two (11/12) 35 Call for around $0.68
  • Set your initial credit limit at $0.44, but adjust as needed to roll today

New Cost Basis: $35.19

Go to Top
×